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2011-11-09 — blogspot.com
``As suspected, MF Global brazenly took liquid assets like Treasuries and warehouse receipts, but not cash which would have been more quickly missed, from customer accounts to post as illegal collateral for emergency funding with a lender who must have known that they were receiving stolen goods.
When things fell apart, the lender simply took the collateral and liquidated it, and kept the money. ''
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